8 Major Investment Funds Exploring Investment Opportunities in the Telecom Sector: Ashwini Vaishnaw

New Delhi, March 1 (IANS) Union Communications and IT Minister Ashwini Vaishnaw announced that eight large investment firms are keen on exploring opportunities in the telecom sector in India. The investors see the country as an emerging market for investments, given the rapid digital transformation and new opportunities.

Vaishnaw stated, “At least eight large investment firms have met me so far and they want to explore investments in the telecom sector in India. Because the market size is very large, technology acceptance is very high. The India stack is so widespread.” He emphasized that telecom is the gateway to digital India, leading to significant investor interest in the country.

The minister highlighted that new business models and technical advancements are expected in the telecom sector in the near future. The ‘White Paper on Economy’ mentioned that India’s telecom sector, which faced setbacks due to the 2G scam and policy issues, revived after 2014 with government interventions to correct the situation and enhance spectrum utilization.

The ‘White Paper’ outlined how the Narendra Modi government revamped the economy and improved the country’s image. It noted that transparent methods of spectrum auction, trading, and sharing were introduced, leading to increased spectrum availability for telecom service providers. The successful 5G auction in 2022 enabled TSPs to invest in 5G technology, resulting in the fastest 5G rollout in the world.

The telecom sector in India is witnessing a resurgence, attracting interest from investors looking to capitalize on the market’s potential. With the government’s efforts to streamline policies and enhance infrastructure, the sector is poised for growth and technological advancements in the coming years.